Singapore court rejects appeal to gain control of US$1.5b sustainable development fund
Litigants cannot hope to prevail by simply shoehorning a claim into the ESG space, says lawyer
A US$1.5 billion claim against a Singapore company that involved seeking redress for some 150,000 people affected by environmental damage in Papua New Guinea has been shot down yet again – the latest episode in a 3-decade legal saga.
The most recent development came in the form of the Singapore Court of Appeal’s decision on Thursday (Sep 15) to uphold an earlier High Court decision from last year to strike out the claim.
The claim was filed as a representative action against the Singapore-registered public company PNG Sustainable Development Program (PNG), on behalf of members of certain communities in the Western Province of Papua New Guinea that had been adversely affected by environmental damage caused by a gold and copper mine there.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.